Raw cashew nut (RCN)

Raw cashew nut (RCN)

 

Galaxy Commercial Ltd supplies quality Raw Cashew Nut (RNC) from Ivory Coast.

Contracts are normally made on FOB or C&F basis.

Pricing in international trade in cashew is in U.S. dollars. Quotation in other currencies will be available on request.

Business in Cashew is done on an offer and acceptance basis by telephone, Fax or E-Mail since the prices are subject to frequent fluctuations.

Insurance is on account of the buyer.. At the time of contract, the shipment month, grade and prices are to be clearly indicated. Sometimes shippers offer for shipments up to 6 months in advance..

Payment is usually made by 100% irrevocable Letter of Credit in favour of the shipper through his bank. The LC is opened immediately on execution of contract or one month prior to shipment..

Standard documents like commercial invoice, certificate of origin, Quality and weight certificate issued by the Export Inspection Agency are provided.. Any other specific requirements have to be informed in advance by the buyer..

Inspection of cashews is being conducted under the basis consignment-wise inspection. It is ensured that the product is processed and packed as per the standards prescribed, confirmed the standards by drawing samples from finished product.

Raw Cashew Nuts in shell.

Packing :

Well sun dried nuts are packed In 80 kg / 90kg bags 17/MT in 20ft dry container

Payment Terms :

Transaction on Raw Cashew Nut business is done both on FOB as well as on CNF basis.

Terms of payment :

  • 1. Letter of Credit 100% Confirmed LC at Sight or 98% / 2% Confirmed LC at Sight.
  • 2. Performance Guarantee Bond: We provide 2% PGB after contract signed favouring the Buyer to enable him to open the LC. The LC to activate the PGB.
  • 3. High Sea Sales : At Times we do the deal on High Sea Sales during peak seasons.
  • 4. CAD terms : We does CAD on CNF terms for known Importers, afterverifying their past performance with us. Documents will be exchanged Bank to Bank.
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